To The Moon

$Alibaba(BABA)$ $Alibaba(09988)$ Alibaba Stock Jumps 3.6% in Premarket Trading. Regarding Chiese stocks， JPMorgan's flagship China fund, significantly increased its position in $JD.com(JD)$in the first quarter. By the end of the first quarter, JD had risen to the fourth largest heavy position of the fund, with a market value of $212million. In addition, the fund also increased its positions in $Tencent Holding Ltd.(TCEHY)$ and $Alibaba(BABA)$ by a small margin. Hhlr, a subsidiary of Hillhouse, increased its holdings in the first quarter and bought a number of China concept shares, including $Vipshop(VIPS)$, $JD.com(JD)$, $KE Holdings Inc.(BEKE)$,$Full Truck Alliance Co. Ltd.(YMM)$, $Futu Holdings Limited(FUTU)$, etc. In the first quarter, qiaoshui added positions in $Alibaba(BABA)$, $Pinduoduo Inc.(PDD)$, $NIO Inc.(NIO)$, $Li Auto(LI)$, $XPeng Inc.(XPEV)$, etc. Jinglin assets bought$JD.com(JD)$, $CSI China Internet ETF(KWEB)$, $KE Holdings Inc.(BEKE)$, $NetEase(NTES)$ and $Full Truck Alliance Co. Ltd.(YMM)$ BlackRock, the world's largest asset management institution, also significantly increased its position in the first quarter of this year, including two "new car making forces" of$Li Auto(LI)$ and$NIO Inc.(NIO)$. Fidelity International substantially increased its holdings of $MEITUAN-W(03690)$$MEITUAN(MPNGY)$,$JD.com(JD)$, $Alibaba(BABA)$ and $Tencent Holding Ltd.(TCEHY)$ in March this year.